Sina Corp (SINA) Tops Q2 EPS by 9c; Guides Q3 Revs

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SINA (SINA) PT Bumped Higher at Piper Jaffray Following Solid Q2

August 15, 2014 7:33 AM EDT

Piper Jaffray analyst Gene Munster reiterated an Overweight rating and boosted his price target on SINA Corporation (NASDAQ: SINA) to $70.00 (from $65.00) following Q2 results. The analyst said video license issue remains an overhang despite an attractive sum-of-parts.

Munster comments, "We continue to... More